Disney buys land in Washington DC area.

[cellarhound]

Disney buys land in Washington DC area for resort.

Disney announced today that it is planning another Hotel Resort project in the Washington DC area.

Walt Disney Co. has bought a 15-acre parcel at Prince George's County's sprawling National Harbor development, a shot in the arm for a project that opened with big ambitions a year ago, only to run headfirst into one of the sharpest economic declines in decades.



Disney plans to build a 500-room hotel resort on the parcel, providing another anchor for a 300-acre venture that seeks to rival the District as a conference and convention destination. National Harbor already includes six hotels; more than a dozen restaurants; and a giant conference center run by Gaylord Entertainment, owner of the Grand Ole Opry in Nashville.

It was probably a good time to buy/invest.

[CaliforniaAdventurer]

http://media3.washingtonpost.com/wp-dyn/content/photo/2009/05/18/PH2009051803202.jpg

An empty lot at the end of American Way is part of the parcel Disney bought.

http://media3.washingtonpost.com/wp-...9051900168.gif

I didn't see this before, has there been any news? And why aren't they buying something with better views of the water?